Is Newbury, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Newbury has remained a Seller's Market.
Housing Prices in Newbury, MA
How much do homes in Newbury, MA cost?
Median Sold Price
$829,000
$451/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Newbury was $829,000 in April 2024, down 2.4% from last year, and the median price per square foot was $451.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $400K | - | N/A |
2 Bedrooms | $700K | $759.9K | +8.6% |
3 Bedrooms | $836.5K | $792.5K | -5.3% |
4 Bedrooms | $975K | $1.3M | +33.3% |
5+ Bedrooms | $1.4M | $1.0M | -25.7% |
Summary: Newbury housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.6%, 3 bedroom homes decreased by 5.3%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 25.7%.
Median Sold Price Compared To Nearby Cities
Rowley | $740K | $798K | +7.8% |
Newburyport | $759.9K | $800K | +5.3% |
West Newbury | $807K | $810K | 0.4% |
Newbury | $849K | $829K | -2.4% |
Housing Supply in Newbury, MA
How many homes are available in Newbury, MA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
16 | 17 | +6.3% |
Summary: The Newbury real estate market had 17 homes for sale in April 2024, a 6.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 4 | 3 | -25.0% |
3 Bedrooms | 5 | 6 | +20.0% |
4 Bedrooms | 3 | 6 | +100.0% |
5+ Bedrooms | 3 | 1 | -66.7% |
Summary: The Newbury housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 66.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
5 | 4 | -20.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Newbury in April 2024, down by 20.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for Newbury, MA
How long does it take to sell a home in Newbury, MA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
26 Days | 38 Days | +43.4% |
Summary: Homes in Newbury had an average of 38 days on market in Apr 2024, up by 43.4% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 4 homes were sold in Newbury; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.